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Aug 2, 2012
08/12
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at a briefing, speaker john boehner noted that president obama and democrats supported extending all of the cuts back in 2010. >> the president said two years ago that raising taxes in a weak economy was the wrong thing to do. 119 democrats voted with us to extend all of the current rates. there's no reason that we shouldn't be doing the same thing again. >> this time the >> sreenivasan: this time, the president has endorsed the bill that senate democrats passed. it extends the tax cuts for all but the wealthiest income brackets. campaigning in ohio today, mr. obama said again it's about rebuilding the economy and the middle class. >> we will not get there in we adopt these ideas that somehow spending more tax cuts for millionaires and billionaires that don't need them and aren't even asking for them is going to improve the economy. we tried >> sreenivasan: so far, there is no sign that the republican or democratic versions of tax cut extensions can clear congress. if neither does, taxes will go up across the board on january first. for the first time, the u.s. postal service has def
at a briefing, speaker john boehner noted that president obama and democrats supported extending all of the cuts back in 2010. >> the president said two years ago that raising taxes in a weak economy was the wrong thing to do. 119 democrats voted with us to extend all of the current rates. there's no reason that we shouldn't be doing the same thing again. >> this time the >> sreenivasan: this time, the president has endorsed the bill that senate democrats passed. it extends...
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Nov 29, 2012
11/12
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and this morning, house speaker john boehner said he'd reinforced that position to congressman cole. >> you're not going to grow the economy if you raise tax rates on the top two rates. it'll hurt small businesses, it'll hurt our economy, it's why it's not the right approach. we're willing to put revenue on the table as long as we're not raising rates. >> brown: despite the president's talk of changing minds, "politico's" manu raju says that privately, house republicans think they can win this fight. >> right now the republican leadership feels pretty confident that they have most of their folks in line. they all generally support keeping tax rates low for virtually for every single income group. they do not want to see incomes increase for that top tax bracket. >> brown: meanwhile, on the senate floor, minority leader mitch mcconnell criticized democrats for putting social security off limits in any deficit deal. >> as for social security, the only thing we hear from why in the world wouldn't they want to talk about the fact that this vital program started spending out more than it
and this morning, house speaker john boehner said he'd reinforced that position to congressman cole. >> you're not going to grow the economy if you raise tax rates on the top two rates. it'll hurt small businesses, it'll hurt our economy, it's why it's not the right approach. we're willing to put revenue on the table as long as we're not raising rates. >> brown: despite the president's talk of changing minds, "politico's" manu raju says that privately, house republicans...
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Aug 3, 2012
08/12
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. >> sreenivasan: on the republican side, house speaker john boehner said it was today's drought measure, or nothing at all, because the farm bill is stalled. >> the house is pretty well- divided. you've got the left concerned about reductions in the food stamp program. you've got the right who don't think the cuts go far enough in the food stamp program to bring it into compliance with what the law has been. and frankly i haven't seen 218 votes in the middle to pass the farm bill. >> sreenivasan: the current farm bill is set to expire at the end of september. the house's drought bill is not expected to survive in the senate. legislation to prevent cyber attacks on critical industries will have to wait. senate republicans blocked a final vote today. they argued the bill would mean new regulations that increase costs without doing much to reduce the risk of attacks. democrats said the bill is needed now to protect everything from power grids to water supplies. both sides said they'll work on a compromise, after the august recess. afghan security forces killed five insurgents in a pre-dawn
. >> sreenivasan: on the republican side, house speaker john boehner said it was today's drought measure, or nothing at all, because the farm bill is stalled. >> the house is pretty well- divided. you've got the left concerned about reductions in the food stamp program. you've got the right who don't think the cuts go far enough in the food stamp program to bring it into compliance with what the law has been. and frankly i haven't seen 218 votes in the middle to pass the farm bill....
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Nov 17, 2012
11/12
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and house speaker john boehner said republicans are willing to offer higher tax revenue as part of a deal. >> to show our seriousness we've put revenue on the table, as long as it's accompanied by significant spending cuts. and while we're going to continue to have revenue on the table, it's going to be incumbent for my colleagues to show the american people that we're serious about cutting spending and solving our fiscal dilemma. >> holman: on the democratic side, senate majority lear reid promised work will continue on a deal over the thanksgiving recess. he said, "we all know something has to be done." wall street took some hope from that white house meeting. the dow jones industrial average gained nearly 46 points to close at 12,588. the nasdaq rose 16 points to close at 2,853. but for the week, the dow and the nasdaq fell nearly 2%. also today, j.p. morgan chase and credit suisse agreed to pay $417 million in a federal civil settlement. they allegedly sold mortgage bonds they knew could fail before the 2008 financial crisis. it looks like twilight for twinkies. hostess brands an
and house speaker john boehner said republicans are willing to offer higher tax revenue as part of a deal. >> to show our seriousness we've put revenue on the table, as long as it's accompanied by significant spending cuts. and while we're going to continue to have revenue on the table, it's going to be incumbent for my colleagues to show the american people that we're serious about cutting spending and solving our fiscal dilemma. >> holman: on the democratic side, senate majority...
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Jun 23, 2012
06/12
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. >> congressional cmittee voted t recommend a citation-- john boehner says will bring it to the full house next week but hasn't specified the day, what is going on. >> was's going on is a really dubious policy that opened up a lot of questions called fast and furious which basically ram guns out there with the expectation, full expectation that they would be bought by straw purchases and then end up in the custody of members and they-- gang members and then they could be traced for the prosecution of more serious crimes than just buying guns. it went awry. an agent of the alcohol tobacco firearms was killed in a shoot-out. and the question is the republicans in the house want a fuller explanation the department of justice expend-- is very much on the defensive. john edwards case they lost, the stevens case they lost. they haven't prosecuted anybody. wall street who brought the nation to its knees so, there is a certain lack of kind of support and enthusiasm for it but at the same time it smacks of election year politics, darrell issa the chairman of that committee has been dying for
. >> congressional cmittee voted t recommend a citation-- john boehner says will bring it to the full house next week but hasn't specified the day, what is going on. >> was's going on is a really dubious policy that opened up a lot of questions called fast and furious which basically ram guns out there with the expectation, full expectation that they would be bought by straw purchases and then end up in the custody of members and they-- gang members and then they could be traced for...